80M trade ideas
below 200ma risk- watch for entry at lower risk - trend reversal200ma is being rejected so we might still hang around this level for a bit, higher risk buying here until we brake above all MA's
The trend doesn't look great at moment.
at 14.20p I'm a buyer but for now best to wait.
RSI strength will signal
support and resistanceI think that the stock is mainly being supported by two drawn trendlines (drawn in black), but within it the price gets affected by the trendline at 13.00 (blue).
My strategy would be to wait for the outcome and to see which (if any) line the price bounces off of, it could even be congesting at 13.00.
if it drops to the black support line then I predict it would begin to rise and my strategy would be to then trade if it rises above EMA. If it rises above the blue line at 13.00 then my strategy would be to trade but sell before the top black resistance (with a stop loss at 12.65).
